Despite the property cooling measures announced in January, prices of luxury units have risen a staggering 20 percent to S$7.9 million, according to Kim Eng, in a report by Singapore Business Review. “While the average price per unit in all the other segments declined, in the luxury segment, it rose nearly 20 percent from S$6.6 million to S$7.9 million,” it said. It added that the volume dropped...
singapore property prices
Condominium units in the Tanjong Rhu waterfront district are in the spotlight. There were eight transactions for apartments in the area, according to caveats lodged between June 14 and 21, with deals generally in the $1,160 to $1,400 psf range. The most actively traded condo seems to be the 510-unit Pebble Bay, developed by DBS Land (now known as CapitaLand). The 99-year leasehold condo was completed in...
Interest in GuocoLand’s Paterson Residence has been creeping up recently as three units in the development were sold in June for as much as $2,200 per sq ft (psf). On June 7, a 1,658 sq ft apartment on the 14th floor was sold for nearly $3.65 million. It was bought in July 2006 for $2.45 million, or $1,477 psf, which means the owner made about $1.16 million in profit from the sale. On June 8, a similar...
Views of the Singapore River are commanding a premium today. On June 3, a penthouse unit of 5,511 sq ft at The Trillium on Kim Seng Road was sold for $12.4 million, or $2,250 psf. Within a week, a second unit, slightly smaller at 1,798 sq ft, was sold for $3.4 million, or $1,908 psf. The Trillium penthouse transaction is the highest so far for the development in terms of price psf. The development has 236...
Prices of HDB resale flats have increased 2.9 per cent in the second quarter of this year compared to the previous quarter. Flash data released on Friday by the Housing and Development Board (HDB) shows that its resale price index in the second quarter this year came in at 179.9. The rate of price growth in the second quarter is higher than the previous quarter's 1.6 per cent hike. HDB said it is on...
Private home prices in the second quarter rose at a slower pace than the previous quarter indicating that the red-hot property market might be cooling down. This is according to the latest flash estimates from the Urban Redevelopment Authority (URA). The price index rose 1.9 per cent to 202.8 points, compared with the 2.2 per cent increase in the previous quarter. URA said the rate of price increase...
The rise in private home prices in Singapore has accelerated, reports released yesterday showed, as the Government again reminded buyers of the large supply in the pipeline in a bid to calm the market. The NUS Singapore Residential Price Index (SRPI) gained 2.5 per cent last month from April, following a revised 1.1-per-cent rise in the previous month. The SRPI is a transaction-based index that tracks the...
Non-landed private home prices in Singapore continued its uptrend in May, rising 2.5 per cent from April. The National University of Singapore's Singapore Residential Price Index (SRPI) showed that the month-on-month increase in the overall index in May was sharper than the 1.1 per cent rise the month before. NUS's price index for properties in the central area jumped 3.5 per cent in May, while...
Resale prices of private homes continue to rise in the second quarter of this year. According to DTZ Research, resale prices of private residential properties increased at a faster rate across all segments in the second quarter of this year compared to the first. It says the average resale price of leasehold condominiums in the suburban areas rose the fastest by 3.9 per cent on-quarter, compared to 0.8...
The 969-unit Caribbean at Keppel Bay is enjoying renewed interest among homebuyers, buoyed by strong visitorship to Sentosa Island with the opening of the Resorts World at Sentosa integrated resort, and growing anticipation of improved connectivity when the Circle Line MRT route is completed at year-end. Caribbean at Keppel Bay (developed by Keppel Land) saw four transactions on May 16 to 24, with prices...